CHICAGO: boom rundown - everything over 12 floors. v4

[Latoso]

Originally Posted by Loopy

Columbia is proposing to develop the lot just South of this into a high-rise theater production facility. It's too bad that they couldn't have snatched up this parcel before East/West for their Film/Video/Sound Production Studio that they just announced for 16th and State.

I don't think Columbia ever planned the fillm/tv production facility for north of Roosevelt. Film/tv studios are much more of an industrial type facility and would be low-rise by nature. I think they just didn't want to build something that low density so close to downtown where the property values wouldn't justify such a small space.

[Monkey36]

Originally Posted by spyguy

Fast Sales End Year on High Note for Ten East Delaware

While the housing industry may have its share of pessimists at the moment, Michael W. Reschke is not one of them. As CEO and Chairman of The Prime Group, Inc., Reschke has been quite proud of his company’s Ten East Delaware condominium building’s performance this year. In fact, the building sold half of its 121 residences in less than six months.

A 35-story boutique residential building, Ten East Delaware is located at the northeast corner of Delaware and State, next to the Talbott Hotel. Designed by nationally-renowned architect Lucien Lagrange, the building offers one-, two-, and three-bedroom floor plans ranging from 845 to 3,095 square feet. Residences include 1½ to 3½ baths; 9- to 10-foot ceilings; and oversized balconies. Prices range from $450,000 to $2.3 million. Climate-controlled, indoor parking is available starting at $50,000.

“As our sales have shown, when the right location, developer and architect come together, buyers will be there ready and waiting,” said Reschke. “Our buyers are very sophisticated. They know how rare it is for a new luxury building with this level of services and high-quality design and finishes to be built in the Gold Coast – especially at these prices.”

This is why a majority of Ten East Delaware’s buyers have been from the surrounding neighborhood, noted Reschke.

“Many of our buyers already live in the Gold Coast, but their buildings and residences are becoming outdated and they don’t want to live through a remodel,” said Reschke. “For them, it makes much more financial and emotional sense to purchase at Ten East Delaware where everything will be brand new, but they’ll still be surrounded by all their favorite neighborhood shops and restaurants. Plus, the level of finishes throughout our homes are the finest available, which is exactly what these discerning buyers expect out of Gold Coast living.”

A sampling of high-end standard finishes at Ten East Delaware includes: Poggenpohl cabinetry in the kitchen and bath; granite and marble countertops in the kitchen and bath; Franke, Wolf, Miele, and Sub-Zero kitchen appliances; a Kohler soaking tub in the master bath; hardwood flooring in living areas; and 6-inch crown molding and wood base in the living areas and master bedroom.

“Due to the size of some of our three-bedroom residences – up to 3,000 square feet – we’ve also seen a number of buyers coming from single-family homes in Old Town, Lincoln Park and Lakeview,” said Reschke. “These buyers have realized they can enjoy basically the same amount of space, but without stairs, or the hassles of maintaining a yard. And for families with children enrolled at Francis Parker School or the Latin School, moving to Ten East Delaware might even make for an easier commute.”

But regardless of where Ten East Delaware’s buyers have come from, they all seem to be in agreement that the building’s superior amenities and services played an important role in their purchase decision, noted Reschke.

For example, all residents will enjoy access to The Ten Club, Ten East Delaware’s exclusive rooftop-level clubhouse and fitness center. The Ten Club includes a private dining room for large dinner parties and social gatherings; a state-of-the-art fitness center; and an outdoor rooftop swimming pool and sundeck. They will also benefit from á la carte hotel services from the neighboring Talbott Hotel including 24-hour room service, housekeeping and concierge services.

“There’s no doubt one of the reasons Ten East Delaware has done so well with sales this year is because of these superior services and amenities,” said Reschke. “But it’s also the context in which we offer these services. Ten East Delaware is a very intimate and elegant building, much like a luxury, boutique European hotel. We really wanted to give buyers an experience unlike anything else in the Chicago market right now, and so far buyers have told us we have.”

As privacy is a major point of emphasis at Ten East Delaware, only five residences are offered per floor. And because Ten East Delaware features a four-pipe heating and cooling system, each residence has zoned temperature control. This means owners have year-round control over the heating and cooling of their home. All buyers also will have their own private storage unit in the building.

With groundbreaking scheduled for February 2007, Ten East Delaware is one of the few new-construction condominium buildings in the Gold Coast, putting buyers in proximity to Chicago’s best restaurants, shopping, cultural institutions, and the lakefront. It is just two blocks from the Magnificent Mile, one block from the Newberry Library, and four blocks from both Oak Street Beach and the Museum of Contemporary Art.

I thought this site currently had buildings on it (one a thai place or something) that were going to be demo'd first. How could they break ground by Feb. if this is the case?

[spyguy]

http://www.dailyherald.com/search/searchstory.asp?id=268281

Condo/hotel project near OK in Oak Brook

By Henry Stuttley
Daily Herald Staff Writer
Posted Thursday, January 11, 2007

A large-scale development where people can shop, eat, work and live is moving ahead in Oak Brook.

Village officials have granted a special-use permit for the Clearwater development, despite concerns about parking and an approval process that appeared to complicate matters for the mixed-use development.

The village’s plan commission and zoning board of appeals have unanimously approved the special permit for the 16-acre development.

Under the plan, the developer would raze the warehouse at the northwest corner of 22nd Street and York Road to make room for 450,000-square-foot development.

The development will have a restaurant; shops; 16-story, 62-unit condominium building; 50,000-square-foot health club; and 139-room, six-story hotel, said Susan Hammersley. She’s senior vice president of John Buck Co., the developer who owns the existing building.

The village board will continue to discuss the Clearwater project and is expected to approve construction at a board meeting at 7:30 p.m. Jan. 23.

If approved, the development would bring in $590,000 annually in sales tax and $143,000 in hotel tax each year, she said.

Because several changes had to be made to fit the current zoning codes, the developers added three dry detention storm water areas to the project. Hammersley said that, from an aesthetic standpoint, the development should improve an underutilized area.

“We see this project as a gathering place,” she said, “a place where you can live, shop work and play.”

The Oak Brook Fire Department did raise concerns about having enough room near the hotel for large emergency vehicles to maneuver. Some parking spaces might be eliminated for that reason.

But Village President Kevin Quinlan doesn’t appear to be worried about those issues.

“This again is one of those developments that will help us enjoy the lifestyle that will help our tax revenue without raising sales taxes,” he said.

Because Oak Brook doesn’t have a zoning classification for this type of mixed-use development, some village officials said one should be adopted to make the approval process smoother for future projects.

“We had to jump through hoops to get things to work,” village Trustee Bob Sanford said. “And with a planned development, it will give the village a lot more flexibility to work with the developers coming in.”

----------

I've been following this project for a while. Here's a crappy pic I posted on SSC


The architect is Goettsch Partners.

And don't worry, there's plenty of surface parking for everyone!

[honte]

Originally Posted by Monkey36

I thought this site currently had buildings on it (one a thai place or something) that were going to be demo'd first. How could they break ground by Feb. if this is the case?

Yeah, they probably mean starting demo. Their description of "breaking ground" probably isn't as technical as ours.

On the other hand, those buildings probably won't take long to clear. Chicago has as much experience in this field as it does in building new ones...

[museumparktom]

Originally Posted by spyguy

http://www.dailyherald.com/search/searchstory.asp?id=268281

Condo/hotel project near OK in Oak Brook

By Henry Stuttley
Daily Herald Staff Writer
Posted Thursday, January 11, 2007

A large-scale development where people can shop, eat, work and live is moving ahead in Oak Brook.

Village officials have granted a special-use permit for the Clearwater development, despite concerns about parking and an approval process that appeared to complicate matters for the mixed-use development.

---------

I've been following this project for a while. Here's a crappy pic I posted on SSC


The architect is Goettsch Partners.

And don't worry, there's plenty of surface parking for everyone!

PLEASE FORWARD THIS TO PETER ZIV and THE PRINTER'S ROW NIMBYS- PLEASE MOVE TO OAK BROOK - YOUR CONDO IS WAITING

[Nowhereman1280]

Originally Posted by BVictor1

Institutions never build anything good.

Hey! Take that back! My instutution builds lots of good stuff. You can thank Loyola University for one very nice highrise classroom building and another nice highrise dormitory, as well as the Claire which is mostly funded by LUC! So there! At lease Loyola is doing something to improve the density and streetlife downtown! Nothing really increases streetlife like 1300 (there are 600 some rooms so I figure its about 1300) college students moving into a 20 some story building!

[SolarWind]

January 9, 2007

River North Marriott Suites




353 North Clark site


The Grand Kingsbury

[SamInTheLoop]

^ Nice shots. Looks like the River North Center Hotel is really starting to take off...

[SamInTheLoop]

Originally Posted by Loopy

The buzz on the street is that East/West University has purchased the Wabash frontage of the Park 1000 project (1000 South Michigan), to build of all things, a gym facility.

Personally, I am sick of condos and willing to consider more diverse uses of the remaining land in the South Loop, but this has me concerned. Just how interesting can a gym facility be? I would think that street level retail would be part of the program for the revenue generation required to fund the ongoing budget for this facility. THis is a big piece of land, so how tall is this thing going to be? two stories?

The other perplexing thing about it is that Columbia was diligently hunting for a piece of property like this for their production studio. How did little ole East/West end up with this prize parcel?

Has anybody heard anything about this?

Something about this is not adding up. The Wabash parcel is already zoned for 2 residential high-rises (I'm assuming something like 30-40 stories each and maybe 500-600 or so total units). This makes the land very valuable. I don't see how it would make sense for a buyer to purchase land entitled for that type of density and build such a low-rise structure. If all this about the deal is true, either Renaissant sold it for far too little or East-West bought it for far too much (or even both). Strange...

[SamInTheLoop]

Originally Posted by honte

Hey all,

Very pleased to report that cladding is going up on the north side of 600 North LSD. Most exciting, the building will have a full curtainwall with apparently no exposed concrete slabs (spandrel cladding for slabs, continuous ribbon windows over columns). This one is on its way to being a fine addition to the city.

But what are they going to do at the corners? It seems these may become painted concrete? Let's hope not.

Awesome news! Can't wait to see it...

[Chi_Coruscant]

http://www.globest.com/news/821_821/chicago/152087-1.html

Columbia Building, Leases Space in South Loop
By Robert Carr

CHICAGO-Columbia College, founded in 1890 as a communications school for women, has purchased many historic properties in the South Loop, and now looks to expand its properties with leases and new buildings. While the student population is at 11,000 and growing, the college plans to build a new media production center and 14-story multifamily center, as well as recently taking three floors in the 218 S. Wabash office building.
The college signed a 10-year lease for 34,000-sf in the building, north of the core campus that includes 11 buildings along Michigan and Wabash, from Congress to Roosevelt. The college will put ancillary services, such as administrative workers, on floors 7-9 of the building.

“We have to maximize the space for the college main campus,” a college spokeswoman tells GlobeSt.com. “The main thing we’re supposed to be doing is teaching students. Because we continue to grow, we continue to need more classroom space.”

The college has also generated a little negative press recently, with the announcement that it is forcing blues king Buddy Guy to shut his nightclub Legends. The college owns the building, and has been trying to move out Guy from the two-story building on Eighth and Wabash that he’s occupied since 1989. The college plans a 14-story dorm on the site.

“The land was donated to us in 1999, and they were grandfathered into the lease,” the spokeswoman says. “At the time we made it clear that we were razing the building. At that time Buddy said he had no place to go, so we signed another two-year lease, that expires May 31. We’re trying to be flexible.”

Also, the college recently selected four architecture firms to interview for a design commission for the college’s proposed 42,000-sf media production center. The building will be built at the southwest corner of 16th Street and State on a vacant lot currently owned by the city of Chicago. The design will preserve a 25-foot arch from the façade of the current building at 1327 S. Wabash that bears the inscription “Famous Players Lasky Corporation,” the parent company of Paramount Pictures.

U.S. Equities represented Columbia in the recent lease. The spokeswoman says she could not reveal the lease rate, and most brokers don’t keep data on the South Loop. The building owner will be providing rehab and build-out for the space. She also did not say how much the college is spending in its expansion plans, though she said it will be a multi-million project.

[SamInTheLoop]

With all the starts that seem probable over the next couple months, I'm wondering if we have a shot at 50 high-rises under construction?

[VivaLFuego]

^ that is fantastic about a 14-story dorm in South Loop

[aaron38]

Originally Posted by Loopy

The buzz on the street is that East/West University has purchased the Wabash frontage of the Park 1000 project (1000 South Michigan), to build of all things, a gym facility.

Wait, I'm confused. Does this mean that Park 1000 is off, or is this adjacent to it? Loopy's post title referenced towers B & C, are those part of the Park1000 project as shown on Page 1?

I've always liked the way this one integrates into the Mich Ave streetwall, I hope it isn't cancelled...

[DANTHEDISCOMAN]

^No. Park 1000 A is still on, which faces Michigan avenue just the planned B,C are off, which is the Wabash frontage of the Park 1000 parcel that would of housed the additional B and C.

[Sir Isaac Newton]

Originally Posted by VivaLFuego

^ that is fantastic about a 14-story dorm in South Loop

I agree that the 14-story will be great for the South Loop, but at the same time, it would suck if Buddy Guy can't find a new place in the neighborhood and ends up leaving. Does anyone know of any possibilities for where Buddy Guy could relocate to, in the South Loop?

[Loopy]

There have been a couple of caisson cranes dancing around at Astoria Tower site lately. Today I saw a caisson top being lowered. I wasn't close enough to see if it was being layed on the ground or set into a shaft. Whatever, this one is getting close.

[honte]

Originally Posted by Chi_Coruscant

http://www.globest.com/news/821_821/chicago/152087-1.html
The building will be built at the southwest corner of 16th Street and State on a vacant lot currently owned by the city of Chicago. The design will preserve a 25-foot arch from the façade of the current building at 1327 S. Wabash that bears the inscription “Famous Players Lasky Corporation,” the parent company of Paramount Pictures.

This is kind of wacky. I suppose they want the arch because they understand its historic value and because it relates to their project, but it's also sad that the school sees the historic value of the arch, while the city doesn't. I'd personally prefer to see it remain where the original building was - preferably as a whole facade.

[honte]

Last night from Halsted, I saw what appeared to be caisson machinery at the site of Emerald. But someone definitely verify this...

[dvidler]

Originally Posted by Sir Isaac Newton

I agree that the 14-story will be great for the South Loop, but at the same time, it would suck if Buddy Guy can't find a new place in the neighborhood and ends up leaving. Does anyone know of any possibilities for where Buddy Guy could relocate to, in the South Loop?

It will not be a dorm but a student center. As for Buddy Guy's, Columbia College is going to be flexible in terms of the property for the club. Since the student center is not in the plans to start construction soon they will give Buddy Guy the opportunity to stay at that location past the end of the lease in May. Buddy Guy was looking at the Louis Sullivan building just north of it but as we know it tragically burned down. Other locations in the city beyond the south loop include Maxwell St. which would be a good location as well.